Spring Foundation

Analysis

Spring Foundation is a registered charity in United States, based in Darien, IL. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spring Foundation reported income of $99k and spending of $85k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $99k (-1.2%), an average of -1.2% a year. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spring Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include McCormick Helping Hands United Inc ($99k), North East Wake Backpack Buddies ($99k) and Meghans Place Inc ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.